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in the economy and the lack of topline growth you're seeing from big companies reporting, like heather was referring to. >> rob, that was my point, really, is this change in market psychology. during the first quarter, that seemed to be how the market rationalized moving higher. even with a bad economic report, the fed is going to still be pumping out the $85 billion a month, so we shouldn't worry. but now we seem to be worried this week. what's going on? >> yeah, bill. i'm getting worried. i think the market psychology has changed a bit, so now we actually need good news to propel stocks higher, and i've been overweight stocks for 18 months now, but i've gotten a little more defensive here. i upgraded consumer staples, downgraded materials. haven't gone to an underweight on stocks yet, but i'm watching closely. as greg just mentioned, if the economic indicators are for the third summer in a row, turning down, this might be another sell in may, go away type summer. i don't think we're quite there yet, though. >> what are the most important numbers that we're looking at here, after the
of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want to put that issue to one side for a moment. because i have with me li jiaoung. he is a former chinese minister. i'm fortunate to get the opportunity to talk to him at this event. thanks very much for speaking to me. if i could just start off by asking you, clearly, the world has been focused on the terrorist events in boston and this tragic, very un pleasaplea event. i wonder if you could dwifs a perspective from the chinese point of view here because nobody wants to see terrorism and in particular i think the chinese have an int
economy still in front of us that we need solutions for. and i think the women can very much be part of that debate in bringing it forward. >> i've always been struck by the fact that even when there weren't 20, that the women senators have always bonded across party lines. and across ideological lines. i know that lisa murkowsky's vote against gun background checks was a big disappointment to many of you and she was supposed to be the host of tonight's get-together until it was moved to the white house. and heidi heitkamp, how difficult might that conversation with with the white house. we told that the white house was very angry with her to have voted against the background checks. >> you know, andrea, both heidi heitkamp and lisa murkowsky voted for the gun trafficking bill. there was a measure that they were willing to support to end gun trafficking, straw purchasing, pro enforcement measures. so i think there's bipartisan support for these bills, i think we can find consensus going forward and we have to work a little harder. i find the women to be very open to these issues and
worried about china especially about the economy after the lower than expected growth numbers that we saw this week. and he addressed that. he was talking a bit about the concerns about rising debt levels and he played those down. he played down the weaker growth. >> i don't think people should panic about chinese economy will continue to grow at the sustainable level. the government's target could be fulfilled without much difficulty and we aim at the quality of the growth. i don't think achieving 7, 7.5% is a big deal for china. i don't think so. >> the fund invests heavily in resources. i couldn't help myself from asking him specifically about gold. he believes the sudden drop in gold is general instability in the global economy. he hopes it comes back at some point soon. >> thank you very much. we were watching that and that's the perfect segue. we've been watching what's happening and it's important to see what the chinese think about this and no better person than cic chairman. we'll talk about gold and what's been happening not only with gold but also oil prices after yesterday slu
? >> my instinct tells me that the answer is no, that in economic terms i think the market, the economy at large will move beyond this relatively quickly. but at the same time, there may be some lingering impact in terms of investor sentiment. the sell-off clearly that occurred on friday and then again on monday, in my opinion, was a reassessment of the pace of global growth. important to point out that most of the weakness yesterday was already in the market before the bombings took place. but clearly, there is an impact on investor sentiment, a reminder that it's a dangerous world. and so you may see a little bit less of a risk appetite going forward. in economic terms, i think we'll move beyond it fairly quickly. >> yeah. john, i guess you would ask, at this point, you wouldn't think that consumers would change behavior based on this. it could potentially aveng -- i don't know, whatever group you want to talk about, jonathan, restaurants or any type of tourists activities. nothing to expect at this point, do you think? >> if you said to me are consumers going to be spending time watc
and granger. that's a great tell of the real economy. boy, it's hard not to -- >> there's a lot going on regarding housing. we'll keep our eyes on the homebuilders. >> these people want to try to find a hole in the housing starts, good luck. this is a very big move and we're building far fewer homes than what are destroyed by fire and flood. a lot of people will live with their mother-in-laws. >> despite what we know about the price of building products, right? and the cost of contractors and electricians. >> and i think some of those costs again will come down. copper came down big, and aluminum bid. we'll take you to boston. we're expecting this to be the fbi in charge of the boston field office and deval patrick there and the u.s. attorney carmen ortiz. let's listen in. >> everyone, thank you for coming this morning. less than 24 hours after yesterday's act of terror we wanted to organize a briefing for you with the information that we have. the mayor is here, the members of our congressional delegation, all of the law enforcement leadership. we have several people who want to pres
and a reminder that the government is a net drag on this u.s. economy. >>> check out auto nation. there is no better gainer on the s&p. stock that's already up 17% this year. >> it's remarkable. >> we all know what pent-up demand is for cars. we all know the mileage that's on the average trade-in. >> i like mike jackson. when you contrast europe with the united states, think of auto nation. okay? they can't move a car in europe. they can't move one across the street. >> you're absolutely right. talk about a dichotomy. >> we are not one world. used cars going up, too? the country you can get, wells fargo largest auto loan company. you can get money for a car. it is tougher to get money. richard smith, i have this guy from realogy. a large real estate company. they're holding their value much more than you thought in the united states. >> morgan stanley is down 3%. talked about m and a, lack of activity saying it just reflects the ceo's lack of confidence with regards to earnings power. >> which is what you hear. those who are doing deals, it is interesting, are the likes of -- or
. i know lgt runs some money that's invested into the russian economy. tell us a little bit about the character of this market and whether you can put cash to work here and feel comfortable that you are going to get a return. >> yep. we are invested in the russian market. but it's true, we have a lower allocation to it. the 11% toe 2% sounds quite low. it is a difficult way to access the markets. we see fundamentally from the point of view a strong currency. you look at low valuation, you look at the current surplus, you look at growing middle income class, which wants to consume, so key market indicators are actually strong. the challenge is much more the investment type. so we look at a narrow market, the way you invest is mainly into oil and energy companies. which most of them are state owned to the majority, so we end up being minority investors. what that means is it's still difficult for to us play to the russian growth topic investmentwise. what we can do is we can look at valuation, we can look at it from an optimal point of view. we can see if there is opportunities whic
is broken. it doesn't meet the needs of our economy and security. we need to move forward with this debate on how to make sure that our immigration system moving forward does meet the needs. >> i'm hearing it sounds like a lot of the things i heard after 9/11 which is that you think really what is broken here when we are talking about this specific case is interagency cooperation. >> we have made great strides over the last ten or 11 years making sure there is better cooperation and communication. more needs to be done. in the case of boston the two suspects we weren't able to track their movements, what they were doing and making sure that we had a handle on some of the folks that did have the opportunity or the proclivity to be involved in terrorism activities. >> if you watched yesterday some serious fireworks during the judiciary committee hearing. let me play that for folks. >> if you have ways to improve the bill, offer an amendment when we start mark up in may. i say that particularly those who are pointing to what happened, the terrible tragedy in boston as i would say an excuse fo
result. also what i liked is some of the bright spots that we see in an otherwise challenged economy. namely, the recovery of housing, particularly in our big housing states of california and florida. this has put an underpinning under consumer confidence and we see the preassumption of home construction, the energy situation in texas is very strong, lead to go an increase in pickup truck sales for us of plus 18%. we also had significant acquisitions in the quarter. in both phoenix and dallas, revenue run rate of 250 million, which when combined with last quarter is now over 800 million of acquisitions within the last six months and is, finally, and last but not leaf least, we've branded 0% of the company now under the flag of auto nation and the branded markets, even though we walked away from some names that were 80 years old, improved share right out of the box. >> that's what i was thinking, you know, wayne has been trying to get you to do that for a while and you finally listen to him and then you get the best quarter ever. >> yeah, you know, i should always listen to wayne soon
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. >>> about 20 minutes past the hour. time to check other top stories. in london, people saying good-bye to the former prime minister margaret thatcher. they was given a ceremonial funeral. security tight with 4,000 police. 2,000 people at the funeral, including queen elizabeth and prince philip. she died of a stroke on april 8th. she was 87. >>> the u.s. senate is set to vote on a bill to tighten gun control laws, first, an expand on background checks and mental health care. and also on the table, a ban on military style assault weapons. >>> senators known as the gang of eight will unveil their long-awaited immigration reform bill, all 844 pages, today. the bill proposes a path to citizenship for 11 million undocumented immigrants and would in
the same with gold. i think the drop in gold is a very positive signal for the longer term economy. but i think these events coming together so rapidly, what went on in boston and the gold crack up and you mentioned commodities, it has given people an excuse to take whatever, 5% to 7% breather in stocks. >> i think that's a good point. what we don't talk about, money coming out of gold is not a bad thing. it's a positive thing in the long run for equities. other commodities especially oil, gasoline prices come down 17% from their peak. i think that's going to be a positive in the economy. so you have to look at the bright side of some of these things. but you're right, it's impossible to separate the emotional from the economic. and we have both going on. a tragedy occurred. it's hard to separate both. >> emotion plays a big role in the stock market. art, thank you very much. we'll resume our coverage of the boston marathon bombing investigation when the kudlow report comes right back. maxwell is not. he's on geico.com setting up an appointment with an adjuster. ted is now on hold with hi
the u.s. economy is going to be 3% larger. bad news is nothing's changed other than the way we calculate the size of the u.s. economy. >> oh, my goodness. >> great. >> thanks for being here. you added a lot. mika, thank you so much. mika, you're going to try to make the jump? >> no. well, maybe. we'll see. >> maybe the surface. we'll see. >> i like the surface. using it to cover myself. >> a.j., phone home. it's way too early, what time is it, mike? >> it's time for "morning joe." right now other than a.j. clementi's first day on the job, the most important thing is it's time for chuck todd. >> now. >>> the surviving boston bombing suspect starts to answer investigators' questions. legal experts and lawmakers debate his rights. this morning we're talk to the top lawyer at the acclu. congressman peter king who says the suspect should be treated like an enemy combatant. >>> back in washington senator marco rubio tries to steer his party to an immigration deal. some veteran republicans raise new questions and an up and comer could end up being a roadblock the size of texas. >>> in the wake
, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> happening now, severe storms and a serious threat of tornadoes. let's get straight to jennifer delgado live in the cnn weather center with the details this morning. good morning, jennifer. >> good morning, christine. we're already dealing with thunderstorms right now on the radar with a lot of lightning spreading into parts of the midwest. over towards part of the ohio valley. today the real action really kicks in, especially as we get into the afternoon and the evening hours, because we have cold air to the west, warm, moist air to the south. well, this is going to be the fuel for severe storms. anywhere you see in yellow from chicago all the way down towards parts of texas. this is our slight risk category. anywhere in the red shading, that includes a chance for severe storms. you're talking about a moderate risk. we're talking many of these areas could see some damaging winds, as well as isolated tornadoes. what is causing this is basically we have these two cold air masses, and warm masses that are act
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does, and he believes -- he actually says the economy is not bad for their customer base as you might think. in an environment like this malone cease cheap money and the ability to lever up cash flow-producing businesses and he will keep doing that and liberty global will be leveled high. you get to some high levels in terms of how much debt versus how much cash flow you have. nonetheless, that's a strategy and that continues to be one. >> use it. use it. use it. >> everyone always talks about how they've got to go overseas and then they pay too much. here's a guy who is going in and he's not paying too much. he is down substantially and any time you ever listen to a conference call, it's, like, woe is me, and here's a guy that says i'm taking advantage of it and that means to me that there will be a bottom because he's too smart to bet against them. >> we'll meet coat-directors of a documentary on bernie madoff said to premiere at new york's tribeca film festival. the dow is down 108, reversing what we got yesterday. back in a minute. ♪ ♪ [ male announcer ] how do you engineer a
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. an educational mecca, health care mecca. we're an innovation economy mecca. and this may have made us a likely target for what happened at the boston marathon on monday. >> thank you very much for joining us. he is with boston globe, which has been putting out a lot of the information we have been following since monday. >> dow looks like it would open up 22 points. s&p up 8 points. nasdaq by 22 points. and a business story of notes and breaking news. dell's special committee is confirming it has received a notice from blackstone group. sit withdrawing from the bidding process. blackstone will not submit a definitive proposal to buy the company. they submitted an indication of interest for 25eu billion offer in march. a letter saying that it "found a significant number of issues that surfaced since we submitted our letter of proposal on march 22nd." specifically i should note an unprecedented 14% market decline, the steepest drop in history. they are now saying is inconsistent with management's own projections for growth. ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come i
Search Results 0 to 18 of about 19